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Africa Export-Import Bank and the Trade

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Africa

JPMorgan Warns African MDBs Could Lose Preferred Creditor Status

JPMorgan analysts have warned that some of Africa's smaller multilateral development banks, including the Africa Export-Import Bank and the Trade and Development Bank, could be stripped of their Preferred Creditor Status says Reuters. PCS is a widely accepted principle that gives multilateral development banks priority for debt repayment when a borrower faces financial stress, ensuring these banks are paid back before other creditors.

todayJune 18, 2024 78

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